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1761 SIESTA DRIVE

Multi-family For Sale
$2,480,000

BTC: 82.66666667

ETH: 1,240.00000000

147 days
10 bds
4,435 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Exceptional 6-Unit Income Property – Prime Location on Siesta Key! Incredible opportunity to own a fully leased, 6+ unit (ability to make it 8-unit) multifamily property just minutes from world-renowned Siesta Key Beach. This rare income-producing property combines two adjacent triplexes offering a versatile mix of units: (1) 2BR/2BA (Front-Pink, Siesta- able to split as 1/1 and 1/1 Efficiency) (1) 1BR/1BA (Front-Blue, middle Siesta Cottage) (1) 1BR/1BA (Front-Yellow, back/side Siesta Cottage) (2) 1BR/1BA (Back- Blue and Yellow; Wisconsin) (1) Studio 1/1 (efficiency layout; Back-Red, Wisconsin) (1) 3BR/1BA (Back- Pink, Wisconsin) Whether you're an investor seeking strong returns or an owner-occupant looking to offset your housing expenses, this property offers proven income with both long-term tenants and short-term (weekly) rental zoning, maximizing flexibility and potential revenue. Recent updates and features include: Newer roofs (2016 & 2017); All NEW siding, including new cement board siding on one structure; NEW hot water heaters (2021 & newer); New appliances in all units; New A/C units; Outdoor sensor lighting and security cameras; Professionally landscaped grounds with exotic plants and mature trees; NEW exterior PVC plumbing, NEW Fencing and much more! Located in a high-demand area, just blocks from the North Bridge of Siesta Key and walking distance to grocery stores, dining, shopping malls, public transportation, banks, post office, and more. Weekly rentals are permitted, making this an ideal option for Airbnb or seasonal leasing. Level D evacuation zone; No Flood Insurance Required in X-Zone! CITY LIMITS (7-day minimum!). Largest multiplex on siesta- won't last! Parking allows for up to 17 vehicles, even extra space for your outdoor toys- boats, kayaks, jet-skis etc...This is the diamond in the rough for location and income ability with flexibility on SIESTA! This property must be sold in conjunction with adjacent parcel at 1760 Wisconsin Lane, Sarasota, FL 34239 (even if to separate buyers), creating a rare 6-unit investment package with excellent income potential. Please do not visit or walk the property without an appointment. Listing agent must accompany.

Location

Florida • SARASOTA • 34239 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
Assigned / Common
Year Built:
1949
Lot:
0.29 Acres
Heating:
Central / Electric
Price/sqft:
$559
Cooling:
Central Air / Mini-Split Unit(s) / Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Flooring

    • Terrazzo

    • Tile

    • Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Mini-Split Unit(s)

    • Wall/Window Unit(s)

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Crown Molding

    • Eating Space In Kitchen

    • Solid Surface Counters

    • Solid Wood Cabinets

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 10

  • Parking

    • Assigned

    • Common

    Property

    • Levels: One

    • Exterior Features: Lighting / Storage

    Lot

    • Lot: 0.29 Acres

    Other Property Information

    • Parcel Number: 2039100047

    • Zoning: RMF2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Electricity Connected

    • Fiber Optics

    • Private

    • Sewer Connected

    • Water - Multiple Meters

    • Water Connected

  • Other financial information

    • Annual tax amount: $9,643

  • Source details

    • MLS ID: N6139645

    Other facts

    • Construction Materials: Block / Concrete

    • Foundation Details: Slab

    • Fireplace Features: Family Room / Living Room

    • Laundry Features: Common Area / Electric Dryer Hookup / Laundry Closet / Outside / Washer Hookup

    • Lot Features: In County / Landscaped / Near Public Transit / Private / Street One Way

    • Patio And Porch Features: Covered / Front Porch / Patio / Porch / Rear Porch / Side Porch

    • Window Features: Blinds

    • Fireplace: Yes

    • Living Area: 4435

    • Water Source: Public

    • Subdivision Name: BAYVIEW

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COLDWELL BANKER REALTY